Following the Bitget Hack: BitOK Traces 87.8 BTC as Stolen Funds Reach Mixers
An updated investigation maps the movement of funds after Bitget’s $387.5 million breach, identifying a traceable Bitcoin position alongside growing use of privacy tools.
Bitcoin’s recovery is facing stronger profit-taking, while tightening accumulation signals keep the broader market structure in focus.
President Trump has once again reassured that every American will receive $5,000 as a “Trump Dividend” if Republicans win the November midterms. Past stimulus-style payments have notably benefited crypto markets and Bitcoin’s price. So, could a republican win actually be bullish for Bitcoin’s price?
October 3, 2026, 9:54 pmBitcoin’s price spent Saturday trapped close to $85,000 after Friday’s charge above $87,000 collapsed, but the forecasts surrounding it were anything but quiet.
October 3, 2026, 8:15 pmAn updated investigation maps the movement of funds after Bitget’s $387.5 million breach, identifying a traceable Bitcoin position alongside growing use of privacy tools.
Bitcoin’s recovery is drawing support from softer employment figures and renewed investment demand, according to 21shares. The firm’s strategist views reduced expectations for further monetary tightening as favorable for cryptocurrencies heading into the final quarter.
According to data, Bitcoin’s blockchain logged an extremely modest difficulty adjustment at block height 969696, dropping by a mere 0.03%. Hashprice has held above $40 per petahash, while the network’s computational power has remained below 1,000 exahash per second (EH/s).
While August set a record for dormant bitcoin spending, September still saw a healthy batch of long-idle coins stir, with 5,419.45 BTC valued at $457.23 million shifting to new addresses. Although the pace cooled, dormant spending last month remained comfortably above July’s tally.
Bitcoin traded between $84,614 and $84,887 on Saturday, Oct. 3, 2026, after a sharp rejection from a 24-hour intraday high of $87,085, leaving the market wedged between short-term consolidation and a broader bullish structure.
Chainalysis has attributed the $387 million Bitget theft to North Korean hackers. The firm said the attack lifts the value of crypto stolen by DPRK-linked actors this year above $1 billion. North Korean attackers reportedly used a cross-chain swap to convert stolen XRP into Bitcoin and kept the tokens away from exchanges.
Bitcoin advocate and Strive executive Adam Livingston has mapped out a path for Strategy’s 847,666 BTC to reach $161.8 billion, about $90 billion more than today. The Claim Strategy’s stack is worth about $71.6 billion at the moment.
This week’s stories spanned institutional forecasts, security failures and new crypto products. Citi raised its 12-month bitcoin target to $113,000 and projected $5 billion in crypto fund inflows. NEAR Intents disclosed a $3.8 million exploit, while Zano rewound its chain by 30 days after more than $200 million in illicit token minting.
The SEC's approval signals a shift in regulatory stance, potentially increasing market volatility and investor risk in the crypto sector.